Filing Flows › Tutor Perini (TPC) › Q1 2025
Tutor Perini (TPC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Tutor Perini (TPC) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +19% from a year earlier and +17% from the quarter before. Operating margin was 5.2%, net earnings $28.0M (2.2% of revenue).
Tutor Perini, Q1 2025: revenue $1.2B (+19% year over year), operating margin 5.2%, net earnings $28.0M, operating cash flow $22.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +17% | +19% |
| Gross profit | $134M | — | +17% |
| Operating profit | $65.3M | — | +34% |
| Net earnings | $28.0M | — | +78% |
| Operating cash flow | $22.9M | -93% | -77% |
What changed
Revenue was $1.2B in Q1 2025, up 19% year over year and up 17% from the previous quarter. Civil was the largest line at 49% of revenue. Civil added $0.14B year over year (up 29%), 70% of the total change.
Gross margin was 10.8%, down 0.2 points from a year earlier. Operating profit was $0.07B, a 5.2% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 5% margin then. Operating expenses grew 4% against revenue growth of 19%. Net earnings were $0.03B, up 78% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.02B (down 77% year over year), 53% of net income including minority interests. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Tutor Perini's revenue in the first quarter 2025?
Tutor Perini (TPC) reported revenue of $1.2B for the first quarter 2025 (Q1 2025), +19% from a year earlier and +17% from the quarter before.
Was Tutor Perini profitable in the first quarter 2025?
Operating profit was $65.3M (5.2% of revenue) and net earnings $28.0M.
Source: Tutor Perini 10-Q on SEC EDGAR.